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Stock Market & Financial Investment News

News Breaks
February 6, 2013
18:09 EDTAINAlbany International reports Q4 EPS 26c, consensus 31c
Reports revenue $194.3M, consensus $174.44M.
News For AIN From The Last 14 Days
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February 20, 2015
08:33 EDTAINAlbany International to close operations in Göppingen, Germany
Albany International reported that its German affiliate, Württembergische Filztuchfabrik K. Geschmay GmbH, has announced plans to discontinue manufacturing operations at its press fabric manufacturing facility in Göppingen, Germany, affecting 52 employees. This planned action is driven by the continuing consolidation of paper industry customers in Europe, and the continuous need to match the company’s paper machine clothing manufacturing capacity in Europe with the demands of customers, so that customer sourcing is optimized. Following completion of this planned action, the company’s European press fabrics manufacturing activities will now be centered in Halmstad, Sweden. There will be no impact on the company’s other European machine clothing manufacturing operations.

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